Accountancy firm to open new office in Manchester
An online accounting firm aimed at small businesses is opening a new office in Manchester.
Xero is expanding its operations to meet growing demand and Manchester will be the firm’s third UK office.
The new office will open in November and will create up to 40 jobs by the start of next year.
The firm already has office in London and in Milton Keynes.
Xero has seen its UK subscribers grow by just under 50% in the year to 31 March 2019 to more than 463,000.
Gary Turner, co-founder and managing director of the firm, said: “With the growth we are experiencing in the UK, a new office opening is the logical step to ensure we are best placed to serve our small business customers and accounting and bookkeeping partners.
“With more and more small businesses and their advisors using Xero, it was clear we needed to expand and Manchester is the perfect fit for us.
“It has a vibrant tech scene buzzing with entrepreneurs, academic strength, as well as strong transport links.
“The city gives us a great opportunity to attract the best talent as we start recruitment here.”
The firm said it chose Manchester because of its strong talent pool and thriving business community.
Mo Aldalou, entrepreneur engagement manager for the North West at Tech Nation, said: “Manchester has long been hailed as an emerging Fintech hub and Xero’s decision to open its third UK office in the city is a major win for both the company and the ecosystem here.
“Companies expanding to Manchester can enjoy access to a growing pool of technical talent and an incredibly collaborative ecosystem, which at Tech Nation we are proud to be a part of.”
The new office will be in SPACES Peter’s House.
The firm was launched in 2009 by Gary Turner. Since then it has grown from a three-person startup with annual revenues of £50,000 to more than £40m a year..
